After the whopping success of the Google Nexus 4 smartphone, the Nexus 5 is one of the most eagerly awaited handsets of 2013.

Google did not make any plans official just yet, so the Nexus 5 is yet to receive confirmation. As with any successful products and their successors, however, the rumor mill is busy churning and hinting toward various scenarios.

Although the Google Nexus 5 is not official yet, the handset is widely expected to make its debut at this year's Google I/O conference in May. The Nexus 5 is expected to rock the next major Android OS upgrade, Android 5.0 Key Lime Pie, and sport impressive specs and features. Here's a roundup of rumored specs and features people hope to see on the next Nexus smartphone:

Several sets of rumors made the rounds recently and all varied considerably. The latest rumors hint toward a quad-core Qualcomm Snapdragon 600 processor clocked at 1.5GHz, a 4.5-inch 720p IPS display, a 2,800 mAh battery and a 9-megapixel CCD shooter. Some earlier reports also hinted toward a 5.2-inch OLED display, a Snapdragon 800 processor clocked at 2.3GHz and 3GB of RAM. Keep in mind, however, that none of these rumored specs received any confirmation, so don't believe it until you see it.

Camera

One of the things that seems likely, meanwhile, is that the Nexus 5 will boast a better camera as one of its highlights. Google did say it's committed to bringing great cameras to Nexus devices, and the Nexus 5 would be the best bet. Rumors in this area include a 16-megapixel rear shooter, a Nikon-branded three-sensor camera module, or a 9-megapixel CCD camera.

With this focus on cameras, another recent rumor claimed the Nexus 5 would sport a new feature possible only with the upcoming Android 5.0 Key Lime Pie. This feature would integrate the phone's camera with the GPS to allow automatic controlling of the settings depending on weather conditions at a given time.

Storage

While many Nexus fans will likely be glad to hear about a focus on camera, just as many users would likely prefer an HD display, more storage, or something else. One of the few complaints about the Nexus 4, for instance, was that it only comes in 8GB and 16GB storage configurations, with no micro SD card slot for expandable memory. Consequently, consumers want to see a Nexus 5 with increased storage options that are also expandable via micro SD.

Pure Vanilla Android Experience

One of the many reasons the Nexus 4 enjoyed such great popularity is that it offers a pure vanilla Android experience, which is a great plus for users who like to customize their handsets. Meanwhile, this also means those users will be among the very first to receive future OS updates. While owners of other smartphones sometimes wait even a full year to get a firmware upgrade, Nexus 5 owners would get the latest software as soon as it becomes available.

Manufacturer

As the Nexus 5 is not yet official, neither is the manufacturer that will collaborate with Google to produce the device. LG is among the potential manufacturers, but both Google and LG received considerable criticism over the Nexus 4 supply issues, and both companies blamed it on each other. Aside from that, consumers did not have many complaints about the Nexus 4, which means that at least some would like to see an LG-made Nexus 5. Others, meanwhile, prefer HTC as the chosen manufacturer for the next Nexus smartphone, as the company is well-known for its stylish designs and build quality.

Price

Last but not least, pricing always plays a great role, and it definitely helped boost demand for the Google Nexus 4. The unlocked price of the Nexus 4 through Google Play is extremely competitive, and consumers want to see a similar pricing scheme for the Nexus 5. If Google places more emphasis on a top-notch camera and other high-end components, however, a very competitive pricing may no longer be possible. On the other hand, between price and specs, many consumers would choose specs.

Conclusion

These are just a few of the things people want to see in the next Google Nexus 5 smartphone, but surely one's wish list has many, many other things as well. Would you like to see a better camera, more storage options, a full HD display, a larger screen size, some new design, better battery performance, or something else not mentioned here?